Huawei appears to be on the verge of completing a chip R&D center in Shanghai. Citing the website of the Shanghai district of Qingpu in the west of the city, Bloomberg reported on Tuesday that it will be the company’s largest research center in the world with around 30,000 employees. The site in Qingpu is […]
In the first half of 2024, Chinese brands dominated the Israeli car market for the first time after overtaking the competition from Japan and South Korea. According to the official news agency Xinhua, Chinese brands even hold a two-thirds EV market share. In total, Chinese car manufacturers sold 34,602 gasoline cars and 26,803 electric cars […]
The long-awaited Third Plenum of the current 20th Central Committee of the Communist Party of China is just around the corner. It traditionally sets the economic policy course for the next five years.The CCP announced that the Third Plenum will begin on July 15. In CP terminology, a plenum is a meeting of all members […]
Germany’s China strategy is almost one year old, and the government is still trying to fill it with life. And the debate about the right way to engage with Beijing continues. Political scientist and China expert Andreas Fulda believes that the old concept of “change through trade” is a mistake and calls for a rapid […]
The number of foreigners entering China more than doubled in the first half of the year compared to the same period last year. According to the National Immigration Administration, 14.64 million foreigners entered the country between January and June, an increase of 152.7 percent year-on-year. This means that the visa-free regime introduced by Beijing after […]
Turkey has announced a change of direction regarding its policy on Chinese EVs. According to Bloomberg, Ankara announced on Friday that it would not impose extra tariffs on all imported cars from China after all. The reason for this was to encourage investment. Turkey had announced extra tariffs of 40 percent in June. The decision […]
Shortly after German Economy Minister Robert Habeck, Transport Minister Volker Wissing also visited China a few days ago. He signed a Memorandum of Understanding on the data transfer dialogue. In an interview with Felix Lee, Wissing defended himself against public criticism of the agreement. He said it contained “no concrete agreement on how the data […]
Russian President Vladimir Putin and Chinese leader Xi Jinping will use today’s summit of the Shanghai Cooperation Organisation (SCO) for another personal bilateral meeting. According to Reuters, the Russian news agency TASS announced this on Tuesday. The SCO summit is being held in the Kazakh capital, Astana, until Thursday. Xi and Putin last met at […]
By introducing new rules, China intends to reduce the oversupply of carbon emissions credits in its emissions trading system (ETS). The draft rules presented on Tuesday prohibit the customary “borrowing” of credits from the future. It also lays down stricter rules for transferring unused credits from previous years to the present, as Bloomberg reports. According […]
According to estimates by management consultancy AlixPartners, Chinese car brands will gain a third of the global market by 2030. According to the consultancy firm’s “Global Automotive Outlook” study published on Tuesday, they will then sell around nine million vehicles outside of China: “The doubled market share of Chinese brands in Europe between 2024 and […]